pete 370 Posted June 5, 2020 According to the Metro Spurs have received a £175m loan from the Bank of England at a borrowing rate of 0.05% to get them over the period tp June 2021 due to losses down to loss of revenue. They are eligible for Covid Corporate Finance Facility. You would have thought this unnecessary due to having a billionaire owner obviously keeping his dosh. I guess this loan will go onto fund multi million deals how about £25 to 30m for Max. Is this the first of many of the elite going begging to the government. After all Spurs did try to furlough staff before backtracking maybe not as flush as they ought to be maybe getting knocked out of FA Cup was a blow or is it to give Jose funds to rebuild his misfiring squad. Do we need to take advantage of the low interest rates provided by CCFF we are a more deserved cause. Share this post Link to post Share on other sites
Mr Angry 1,997 Posted June 5, 2020 It’s 0.5%, not 0.05%-a difference of £787,500. Share this post Link to post Share on other sites
Making Plans 957 Posted June 5, 2020 https://www.bbc.co.uk/sport/football/52924157 Share this post Link to post Share on other sites
cornish sam 1,039 Posted June 5, 2020 I'm surprised that there isn't more outcry/lambast against this considering how much flak we got for furloughing our back office. 1 Share this post Link to post Share on other sites
A Load of Squit 6,260 Posted June 5, 2020 José Mourinho has said the club are “not going to spend rivers of money” in the next transfer window, whenever that opens, and the bank loan will not be used for new players – rather to provide flexibility and support during what will be a hugely testing time. They also said that if they want to buy players they'll have to sell someone first. Tin pot club with tin pot owners, budgetting for relegation. I expect Big Vince will be on a Spurs message board lambasting the owners. 😀 1 1 Share this post Link to post Share on other sites
